Read More

This is the developers' second purpose built student accommodation development which will provide 154 cluster beds offered in two, four, five and ten bed arrangements as well as ten premium one bed apartments on the two top floors.

The project is expected to complete at the end of 2019, with the first residents expected to arrive in early in 2020.

The total cost of the development is £33 million and around 150 indirect jobs will be created over the next 15 months.

The developers are focused on investing in a small portfolio of high-quality, purpose-built student accommodation assets, spread across principal UK ‘university cities’.

Last year 2017 saw the successful launch of their first PBSA development at Crown House in Sheffield which is located in the popular Cathedral Quarter area of the city. Crown House provides 355 premium apartments for Sheffield’s growing student population.

Read More

Stephen Inglis, chief executive officer at London & Scottish Investments Ltd., said: “Working with our US partner, we have developed an effective business model to ensure the provision of quality PBSA schemes across the UK.

“Our first development in Sheffield was hugely successful and, thanks to funding from Royal Bank of Scotland, we have quickly been able to secure our second project here in Leeds.

“The development is already well underway and once complete will provide Leeds’ student population with high quality accommodation.”

Jamie Drummond, relationship lead at Royal Bank of Scotland Real Estate Finance Scotland, said: “LSSH have a solid business model focused on development opportunities in the student housing market.

“Leeds is just the second project in the company’s ambitious growth plan and we look forward to working with LSSH to support future developments.”